The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Are Cost and Time Constraints Hampering Sustainability Reporting Progress? 

Are Cost and Time Constraints Hampering Sustainability Reporting Progress? 
22 May 2024
 

Business sustainability reporting is costly, admin-heavy and too time-consuming according to the survey responses of 500 UK sustainability managers.

The survey, commissioned by FM outsourcer Mitie, questioned sustainability decision-makers on decarbonisation reporting and the barriers involved. Of 500 respondents, over half (55 per cent) agreed that sustainability reporting requires too much admin and over a third are considering outsourcing their reporting as they think is “a waste of time”.

46 per cent felt that their business spends too much time on reporting and 45 per cent thought that too much money is spent on it. 70 per cent said that the resources spent on reporting admin directly impact their ability to action their sustainability strategy which is in turn delaying decarbonisation.

Carbon and sustainability reporting within businesses is essential to increase the transparency of their progress towards net-zero goals. However, gathering and analysing the information can be daunting and time-consuming for FM and sustainability teams. Particularly when there is increased pressure from external regulatory frameworks. 

Respondents to Mitie’s survey also noted that interest from above was a key factor in reporting pressures. Over a quarter (26 per cent) now count the Board and C-suite of their organisation among the stakeholders most likely to scrutinise their sustainability data. 32 per cent felt that they could better use these resources to develop their carbon reduction plans.

 

Barriers to Adopting Sustainability Reporting Software

 

In terms of using automation or other smart technology to ease the reporting burden, 17 per cent said they rely solely on manual processes when it comes to reporting including Excel spreadsheets. The cost to invest in software was cited as the biggest barrier to its adoption.

Catherine Wheatley, Head of Data Science and Energy Services, Mitie, said: “Sustainability reporting has inadvertently become a burden for organisations. Our findings show that the time and resources dedicated to reporting are leading to a decarbonisation delay as time is spent on admin and problem solving rather than action and adding value to their organisation as intended.”

“However, despite the challenges posed, it’s encouraging to see senior stakeholders engaging with reporting, recognising its pivotal role in shaping business strategy. This helps to give sustainability leads the leverage to make a case for investment in the resources they require to support seamless reporting so they can stop stalling on sustainability and focus on the all-important action towards goals.”

Picture: a photograph of a graph showing a line veering up and down. Image Credit: Unsplash

Article written by Ella Tansley | Published 22 May 2024

Share



Related Articles

Mitie Wins £50m Maintenance Contract With Halfords Group

Mitie has won a £50 million contract with Halfords Group, to provide engineering maintenance services at over 950 of its sites across the UK and Ireland. Mitie...

 Read Full Article
Mitie Donates £2m of Unspent Apprenticeship Levy Funds to SMEs

Mitie has pledged £2 million in Apprenticeship Levy gifting funds to help plug skills gaps in the engineering, construction, data, and digital sectors. As a...

 Read Full Article
The Most Important Things Happening in ESOS Right Now

ESOS Lead Assessor and Senior Energy Consultant Sam Arje explores the Environment Agency's changes to the Energy Saving Opportunity Scheme and how this will impact...

 Read Full Article
Mitie Wins Security Contract With HMRC

Mitie has secured a new five-year security contract for His Majesty’s Revenue and Customs UK estate. The £15 million deal will span 40 sites, including 12...

 Read Full Article
IWFM Report Says FMs Need More Involvement in Carbon Reduction Plans

Research from the Institute of Workplace and Facilities Management shows that only 13 per cent of FMs led energy efficiency plans in their organisation. 2 per...

 Read Full Article
Mitie Reveals Nine Decarbonisation Predictions for 2024

Mitie has published its 2024 Net-Zero Navigator Report, making its predictions for the year ahead whilst offering advice for organisations taking their next steps on the...

 Read Full Article
Mitie Launches Facilities Transformation Hub

Mitie has opened a technology demonstration hub at its headquarters at The Shard. The Facilities Transformation Hub is a space where customers can sample some of the...

 Read Full Article
Mitie Acquires GBE Converge Group for £27m

Mitie has acquired a fire and security solutions business to expand its “intelligence-based fire and security capabilities” for its clients. GBE Converge...

 Read Full Article
Mitie Wins Waste Management Contract With University of Leeds

One of the UK’s largest universities has signed a new waste management contract with outsourcer Mitie. The contract is for an initial two years with the option...

 Read Full Article
Mitie Acquires Cliniwaste

Mitie has acquired healthcare waste disposal company Cliniwaste to bolster its clinical waste management provision. Cliniwaste, which specialises in treating plastic...

 Read Full Article